Pier Capital LLC Raises Holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Pier Capital LLC boosted its holdings in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC - Free Report) by 57.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,375 shares of the company's stock after acquiring an additional 82,013 shares during the quarter. WillScot Mobile Mini accounts for approximately 1.2% of Pier Capital LLC's holdings, making the stock its 29th largest position. Pier Capital LLC owned approximately 0.12% of WillScot Mobile Mini worth $8,474,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baupost Group LLC MA bought a new position in shares of WillScot Mobile Mini during the 2nd quarter valued at $92,971,000. William Blair Investment Management LLC lifted its holdings in shares of WillScot Mobile Mini by 102.9% during the 2nd quarter. William Blair Investment Management LLC now owns 4,643,901 shares of the company's stock valued at $174,796,000 after buying an additional 2,355,445 shares during the period. Swedbank AB lifted its holdings in shares of WillScot Mobile Mini by 229.2% during the 3rd quarter. Swedbank AB now owns 3,226,000 shares of the company's stock valued at $121,298,000 after buying an additional 2,246,000 shares during the period. Nippon Life Global Investors Americas Inc. bought a new position in shares of WillScot Mobile Mini during the 2nd quarter valued at $23,394,000. Finally, Point72 Asset Management L.P. bought a new position in shares of WillScot Mobile Mini during the 3rd quarter valued at $20,773,000. 95.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WSC has been the subject of several analyst reports. Robert W. Baird reduced their price objective on WillScot Mobile Mini from $42.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered WillScot Mobile Mini from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $46.00 to $35.00 in a research note on Thursday, October 31st. Baird R W lowered WillScot Mobile Mini from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 24th. Finally, Barclays reduced their price objective on WillScot Mobile Mini from $44.00 to $40.00 and set an "equal weight" rating for the company in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $45.00.

Insider Activity

In other WillScot Mobile Mini news, EVP Hezron T. Lopez sold 20,000 shares of the firm's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.38, for a total value of $787,600.00. Following the completion of the sale, the executive vice president now owns 57,918 shares of the company's stock, valued at $2,280,810.84. This trade represents a 25.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sally J. Shanks sold 14,059 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $34.69, for a total transaction of $487,706.71. Following the completion of the sale, the chief accounting officer now directly owns 26,113 shares of the company's stock, valued at approximately $905,859.97. The trade was a 35.00 % decrease in their position. The disclosure for this sale can be found here. Insiders bought a total of 20,000 shares of company stock worth $728,750 over the last 90 days. Corporate insiders own 3.30% of the company's stock.

WillScot Mobile Mini Price Performance

Shares of WillScot Mobile Mini stock traded up $0.47 during trading on Friday, reaching $39.16. 1,917,931 shares of the stock traded hands, compared to its average volume of 2,566,320. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 356.00, a P/E/G ratio of 2.37 and a beta of 1.38. The business has a fifty day simple moving average of $37.39 and a two-hundred day simple moving average of $37.99. The company has a debt-to-equity ratio of 3.42, a current ratio of 0.90 and a quick ratio of 0.82. WillScot Mobile Mini Holdings Corp. has a 52-week low of $32.71 and a 52-week high of $52.16.

WillScot Mobile Mini (NASDAQ:WSC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.10). The firm had revenue of $601.43 million for the quarter, compared to analysts' expectations of $617.83 million. WillScot Mobile Mini had a net margin of 1.05% and a return on equity of 23.97%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. Sell-side analysts expect that WillScot Mobile Mini Holdings Corp. will post 1.53 EPS for the current year.

WillScot Mobile Mini Company Profile

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers.